Abu Dhabi's IPIC files lawsuit against Goldman Sachs, others over 1MDB case | Reuters

Abu Dhabi's IPIC files lawsuit against Goldman Sachs, others over 1MDB case | Reuters:

Abu Dhabi’s International Petroleum Investment Co (IPIC) said on Wednesday it had filed a lawsuit against U.S. investment bank Goldman Sachs (GS.N) and others to recover losses suffered through its dealings with Malaysian state fund 1MDB.

1Malaysia Development Bhd (1MDB) [TERRN.UL] is the subject of corruption and money-laundering investigations in at least six countries.

Government-owned IPIC said in a statement it filed a civil legal action in New York against Goldman, and others, alleging they “played a central role in a long-running effort to corrupt former executives of IPIC and its subsidiary Aabar Investments, and mislead IPIC and Aabar.”